Branstad expected to announce re-election bid

Branstad is scheduled to hold a "major announcement" Wednesday night in West Des Moines. The 67-year-old Republican governor will then kick off a statewide tour.

Branstad, who is currently serving his fifth non-consecutive term, enjoys strong approval ratings. He is touting property tax cuts, education investments and a decline in unemployment as key accomplishments. His campaign announced last week that he had just over $4 million in his campaign account at the end of December.

The main Democrat seeking to oppose Branstad is 63-year-old state Sen. Jack Hatch, of Des Moines.

Branstad sounded like a candidate during his annual "Condition of the State" speech before lawmakers Tuesday. Throughout the speech, Branstad repeatedly said: "Iowa is working."